Donaldson (DCI) Sets New 1-Year High Following Analyst Upgrade

Shares of Donaldson Company, Inc. (NYSE:DCI) reached a new 52-week high during trading on Friday after Stifel Nicolaus raised their price target on the stock from $54.00 to $60.00. Stifel Nicolaus currently has a hold rating on the stock. Donaldson traded as high as $58.65 and last traded at $58.42, with a volume of 15265 shares. The stock had previously closed at $57.73.

A number of other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Monday, September 10th. ValuEngine upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Oppenheimer restated a “hold” rating on shares of Donaldson in a research report on Thursday, September 6th. Finally, TheStreet upgraded shares of Donaldson from a “c+” rating to a “b+” rating in a research report on Thursday, May 31st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $56.75.

In other Donaldson news, Director Michael J. Hoffman sold 14,400 shares of Donaldson stock in a transaction dated Thursday, July 5th. The shares were sold at an average price of $44.70, for a total transaction of $643,680.00. Following the completion of the transaction, the director now owns 43,716 shares in the company, valued at $1,954,105.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.09% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BNP Paribas Arbitrage SA raised its position in shares of Donaldson by 134.1% in the second quarter. BNP Paribas Arbitrage SA now owns 12,187 shares of the industrial products company’s stock valued at $550,000 after buying an additional 6,981 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Donaldson by 32.7% in the second quarter. State of Alaska Department of Revenue now owns 15,710 shares of the industrial products company’s stock valued at $708,000 after buying an additional 3,870 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Donaldson by 3.8% in the second quarter. Mutual of America Capital Management LLC now owns 111,320 shares of the industrial products company’s stock valued at $5,023,000 after buying an additional 4,100 shares during the last quarter. AdvisorNet Financial Inc raised its position in shares of Donaldson by 240.8% in the second quarter. AdvisorNet Financial Inc now owns 8,595 shares of the industrial products company’s stock valued at $388,000 after buying an additional 6,073 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of Donaldson by 4.4% in the second quarter. Swiss National Bank now owns 226,200 shares of the industrial products company’s stock valued at $10,206,000 after buying an additional 9,500 shares during the last quarter. Institutional investors own 80.18% of the company’s stock.

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.69 and a current ratio of 2.40. The stock has a market cap of $7.37 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 2.09 and a beta of 1.22.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, September 6th. The industrial products company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $724.70 million during the quarter, compared to analyst estimates of $727.79 million. Donaldson had a net margin of 6.59% and a return on equity of 31.09%. The company’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.51 earnings per share. research analysts anticipate that Donaldson Company, Inc. will post 2.37 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 30th. Stockholders of record on Tuesday, August 14th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Monday, August 13th. Donaldson’s dividend payout ratio is presently 38.00%.

About Donaldson (NYSE:DCI)

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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